External financial statement auditors must obtain evidence regarding what attributes of an internal audit department if the external auditors intend to rely on the internal auditor's work?

$ \begin{array}{llllll}
\text { Independence from}\
\text { the Audit Committee} & \text { Competence}\end{array} $
A)$ \begin{array}{llllll}&& \text { No } &&&&&& \text { No } \end{array} $
B) $ \begin{array}{llllll}&& \text { Yes } &&&&&& \text { No } \end{array} $
C) $ \begin{array}{llllll} &&\text { Yes } & &&&&&\text { Yes } \end{array} $
D) $ \begin{array}{llllll}&&\text { No } &&&&&& \text { Yes }\end{array} $

Question

External financial statement auditors must obtain evidence regarding what attributes of an internal audit department if the external auditors intend to rely on the internal auditor's work?

$ \begin{array}{llllll} 
\text { Independence from}\
\text { the Audit Committee} & \text {  Competence}\end{array} $
A)$ \begin{array}{llllll}&& \text { No } &&&&&& \text { No } \end{array} $ 
B) $ \begin{array}{llllll}&& \text { Yes } &&&&&& \text { No } \end{array} $ 
C) $ \begin{array}{llllll} &&\text { Yes } & &&&&&\text { Yes } \end{array} $ 
D) $ \begin{array}{llllll}&&\text { No } &&&&&& \text { Yes }\end{array} $

Quizplus · Accepted Answer

The Answer of External financial statement auditors must obtain evidence regarding what attributes of an internal audit department if the external auditors intend to rely on the internal auditor's work?

$ \begin{array}{llllll} 
\text { Independence from}\
\text { the Audit Committee} & \text {  Competence}\end{array} $
A)$ \begin{array}{llllll}&& \text { No } &&&&&& \text { No } \end{array} $ 
B) $ \begin{array}{llllll}&& \text { Yes } &&&&&& \text { No } \end{array} $ 
C) $ \begin{array}{llllll} &&\text { Yes } & &&&&&\text { Yes } \end{array} $ 
D) $ \begin{array}{llllll}&&\text { No } &&&&&& \text { Yes }\end{array} $